INVESTOR ALERT

Levi & Korsinsky, LLP Notifies Investors of Simplicity Bancorp, Inc. of Class Action Against the Board of Directors of the Company Challenging the Fairness of the Sale of the Company to HomeStreet, Inc. -- SMPL

NEW YORK, NY--(Marketwired - Oct 23, 2014) - Levi & Korsinsky notifies investors of Simplicity Bancorp, Inc. ("Simplicity Bancorp" or "the Company") (NASDAQ: SMPL) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to HomeStreet, Inc. (NASDAQ: HMST). A complaint was filed in California state court.

Click here to learn more about the investigation: http://www.zlkdocs.com/SMPL-Info-Request-Form_ma-2227.

Under the terms of the transaction, Simplicity Bancorp shareholders are expected to receive one share of HomeStreet common stock for each share owned of Simplicity common stock, subject to adjustment if HomeStreet's closing stock price during a specified measurement period prior to closing is more than $20 or less than $15 per share. The claims concern whether the Board of Simplicity Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether HomeStreet is underpaying for Simplicity Bancorp shares.

If you own Simplicity Bancorp common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone], toll-free: [phone], or visit http://www.zlkdocs.com/SMPL-Info-Request-Form_ma-2227.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: [phone]
Toll Free: [phone]
Fax: [phone]
www.zlk.com